IconBuilder Compatibility with Adobe Photoshop CS5

Is IconBuilder compatible with Adobe Photoshop CS5? The
filter is not working properly. What's wrong?

IconBuilder is compatible with Adobe Photoshop CS5 but only when
Photoshop is placed in 32-bit mode. Simply get info on Adobe
Photoshop in the Finder and check the “Open in 32-bit
mode” under General Information in order to use IconBuilder
with CS5. IconBuilder requires 32-bit mode in order to work with
older icon file formats (like resource files) that are no longer
supported on 64-bit systems. Once the 32-bit box is checked, the
filter will function normally.